Yabby:>> Funny that, Sonofgloin. Given the amount of women working today, there would be far more jobs out there then ever there were, when there were tariff barriers.<<

Yabby if that is a launch pad for your patented "we have never had it better", a rethink is in order. The obvious counter is that one generation ago the women had no need to work; the males wage supported the family in its entirety, a whole generation of women who could stay at home and lead the lifestyle relative to the earning capacity of the husband’s occupation or his propensity to make money.

Financial Times July 26th:
>> High levels of household indebtedness remain our key concern, and perhaps to a degree greater than house price levels in themselves. Both historically and in comparison to other OECD countries, Australian borrowers’ vulnerability to economic shocks is elevated and unprecedented. As demonstrated in the chart below, the levels of household debt have tripled in the last 20 years. This places Australian households among the most leveraged in the developed world, on par with those in the UK, US and Sweden. << http://ftalphaville.ft.com/blog/2011/07/26/634296/

Yabby you keep telling me that we have never had it better, but mobile phones, technological trinkets and service industry jobs are useless when the bank comes a calling. Why reality escapes you Yabby eludes me, could be vested interest, ideological servitude or a genuine inability to understand what is presented to you, but that is you.

...As true today as in Charles Dickens day, in criminal circles, a “Fagin” is an adult (or older youth) who teaches a child to steal and keeps a minor portion of the loot. What do we call the gangs of children running riot in London, Fagins gangs or gangs of Fagins?

Growing up is no longer an option in the Capitalist West.Capitalism is now a genetic disease.

I commend this article by Paul sheehan for consideration. It sets out some of the structural problems that have caused this atrocious failurre of civil society.

http://www.smh.com.au/opinion/politics/widespread-policy-failures-have-bred-a-feral-british-underclass-20110810-1imq6.html

"Why did it take so long for the menace within Britain to manifest itself more clearly? There are many places in many English cities to which I do not want to go and my friends who live in Britain do not want to go.

Places where the British underclass has incubated over generations of failed policy, behind inviolate barriers of class and social immobility, and home to a feral, fertile, fourth-generation welfare population.

Compared with its European peer group, Britain is off the charts on many measures of social dysfunction. Its rate of teenage pregnancy is almost three times the average for the other large advanced economies in western Europe - Germany, France, Italy, Spain and the Netherlands.

According to the European Commission, Britain has the highest number of violent crimes per capita in western Europe, and far more than its peer group of large economies.

Britain was the most violent nation in western Europe when it had a Labour government that was debasing the Treasury with social spending. So this violence goes much deeper than the spending cuts made by the coalition government digging Britain out from under a debt mountain."

Perhaps one of the expatriate Poms might like to comment.

The reason behind much of the crime in the first world is unemployment.
sonofgloin,
Yes & no, because the reason for unemployment comes from many of the unemployed themselves. It's a vicious wheel indeed. Think of it this way, an employer wants someone competent to make a profit. An employee wants an employer to pay him fairly. Many employees don't perform but the employer still has to pay award wages. That's why many businesses go off shore. That in turn causes unemployment in societies which require money to live in. Instead of providing each other with services & goods, our society has gone to simply feeding off each other & the least deserving reap the best rewards. It is plain & simply unsustainable. The London riots are the first proof. The criminal elements are already rubbing their hands waiting for it to happen here. Bring on National Service, get some discipline & get the idle minds into gear. Less machinery, more hands-on work is needed. It's character building, bureaucracy is the opposite. Stop public service growth & we prevent the fate that has befallen London.

lets anna-lies the british pm mr cameroon
put the camera on..he's back from 'holidays'..[in italy/bellisconie?]

talking about bailing out..the holy market forces..A-gain

and tough on kids with no lawyers/full weighty law
[not elites..who get banker bailouts
who do got lawyers]

lift the scales..from your own eyes
as mr camera-on...removes the weight of law
from police and stock brokers and bond brokers

[who got expensive lawyers...]

and 'trust'..the 16,000 police not to abuse
...having their untied hands...

as they egsert 'the full weight of law'
on kids..[who will be paying for the banker bailouts
the rest of their lives]

yes mr camera on..
tough on kids time

put em on boats
send them to the colenoscipies[colon-ies]

where were you
during the bank melt down
did you send in 16,000 police
to seize the assets of the people
or just meakly buy up their bad debts..

[noting a 500 point drop overnight..you just might get a 2 de chance...AND TAKE SOME ADVICE..

this time send in
*the FULL WEIGHT OF THE LAW

freeze the crime scene
we need to persicute *real crime
even if they got lawyers..[yes i know the kids dont]

but
lets see the me-asure of the law
[see if its just us..or if justice is as blind
as the scales..you got on your own eyes]

remove the splinters from kids eyes by all means
but mate remove the scales from your own eyes mate

no bailout of criminals
will save you this time
[nor them]..

we need to find the cancer
in the market and trust true capitalists..cut it out

NO MORE SOCIALISTIC bail;outs
this time

oh and that applies to juliar too
and wayne the swan tosser...

if the 'market'[gambling den]
falls more than 5 % today..declare
a crime scene..send in the FULL WEIGHT OF THE LAW..!

or you too
will be getting 'tough on kiddy crime'
while bailing out..the true criminal's

bah
wouldnt urinate on the lot of ya
even if the markette was taking a swan dive

much better to jail kids
for stealing a pair of socks

than to jail the moneyed elites stealing our savings..
[OUR compulsory super subsidy]..going up in dust today]..

FULL WEIGHT MATE..
by law
nothing less

make ALL abusers pay
not just kids..with bad lawyers